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Frequently asked Questions
- What type of investment product is Win Win?
- How does a Note or Certificate work?
- Who am I dealing with?
- What are the benefits?
- Are annual bonus payments guaranteed?
- What are the chances of receiving Annual Bonus Payments?Bonus Coupons?
- Stock Selection
- Am I ‘locked in’ to Win Win?
- What are the charges to clients?
- Are there any other charges involved?
- What is the tax situation?
- How much do I have to invest?
- Why is it called Win Win?
- How can I obtain further information?
| What type of investment product is Win Win? |
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It is a Note, or to be exact, a Euro Medium Term Note (EMTN) or Certificate. There is an investment element, because the Annual Bonus Payments are broadly linked to the performance of a basket of Blue Chip stocks. This is achieved via a tracking mechanism, so there is no investment management as such. |
| How does a Note or Certificate work? |
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Notes and Certificates are shorter-term versions of a Bond, which is effectively an IOU issued to investors by either a government or corporation. Bonds, Notes and Certificates guarantee to return your original capital at a specified maturity date and pay out either fixed or conditional Annual Bonus Payments. They can be traded before their maturity date and are widely accepted as loan collateral. But, whereas Bonds typically have a lifetime of 10 to 30 years, Notes and Certificates have a lifetime of up to 10 years. |
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The investment is issued, managed and guaranteed by BNP Paribas, one of the world’s largest banks. Promotion and administration is handled by Private Client Portfolio Investment Management Ltd, which has over ten years experience of marketing and running innovative investment products. |
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Win Win does not place your capital at risk and offers both full daily liquidity and the possibility of enjoying an exceptionally high annual bonus payment. This makes it a valuable component for broadly based portfolios held by high net worth individuals and pension funds, and attractive to many organisations that need to hold reserves. |
| Are annual bonus payments guaranteed? |
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Annual Bonus Payments are guaranteed even if the stocks’ prices fall, but only if none of the stocks’ prices within the basket drops to a pre-determined price (typically around 75% of the issue price) on any day during the year. Additionally, if any Annual Bonus Payments are not paid out, our Second Chance option means that you can still win them back. |
| What are the chances of receiving Annual Bonus Payments? |
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Past performance should never be viewed as an indication of future returns, but analysis of the Annual Bonus Payments that would have been paid out by a typical basket of Win Win stocks over 1245 10-year periods between January 4th 1988 and October 22nd 2002 showed that in over 97% of cases, investors would have received seven or more Annual Bonus Payments by the tenth year, and in all cases they would have recouped ALL of the missed Annual Bonus Payments through the Second Chance option. |
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The 20 linked stocks, whose prices will be checked daily by BNP Paribas, have been selected on the basis of their market capitalisation and diversity. They are chosen from different sectors and geographical regions and have a low correlation to each other. |
| Am I ‘locked in’ to Win Win? |
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No. Win Win is a tradeable asset with full daily liquidity. It has an identifiable value and can be bought or cashed at any time between one year after issue and maturity. BNP Paribas operates a secondary market from the beginning of the second year onwards which guarantees to ‘buy back’ the investment or a proportion of it, with a bid-offer spread of 1% of the amount cashed. |
| What are the charges to clients? |
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Win Win’s charging structure is simple and transparent. You pay an up-front Placement Fee of 5% of the investment and there are no management charges, other ongoing charges or redemption charges (unless you encash early via the secondary market.) The only further charges payable are performance related - you will be charged a Performance Fee of 12.5% of any Annual Bonus Payments you receive. No Bonus Payment – No Fee!! |
| Are there any other charges involved? |
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Third Party and counter-party fees, not exceeding 1% p.a. for 10 year Notes/Certificates and 1.8% p.a. for 5 year Notes/Certificates, payable by BNP Paribas do not affect your 100% Capital Guarantee at maturity. |
| What is the tax situation? |
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here is no withholding tax and payments are made gross. Individual investors should consult their usual tax advisers for information on their personal position. |
| How much do I have to invest? |
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The minimum direct client investment is USD, GBP or EURO 70,000, although when investment is made through major life companies it is only USD, GBP or EURO 20,000 (please contact PCP Support for further details). |
| Why is it called Win Win? |
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Due to the Second Chance option, which can enable you to win back any Annual Bonus Payments that were not paid, it gives you a double opportunity to gain. |
| How can I obtain further information? |
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Should you have any questions or require any further information in relation to purchasing the Win Win product please contact:
Win Win
Tel: +357 25 817 488
Fax: +357 25 749 755
Email: support@pcfunds.com
Website: www.pcpfunds.com
Post: Win Win, c/o P.O. Box 57108, Limassol 3312, Cyprus |
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